Are you the kind of investor who is looking for the next high-income producing opportunity? Are you excited by a multi-family building designed for student housing or communal living? If so, this deal is for you. This newly built co-living property has been years in the making, with extensive planning, approvals, and construction now nearing completion. The property was designed specifically for student and communal living. It offers 42 total bedrooms across six 5-bedroom units and two 6-bedroom units. Each bedroom has its own smart lock, and the shared kitchens and bathrooms create a practical setup for communal, dorm-style living that helps maintain high occupancy and steady income. The projected numbers are strong. The developer anticipates monthly income of $55,900 dollars and annual gross income of $670,800 dollars, which supports a 9.7% percent cap rate at a purchase price of $4,995,000 dollars. The property is also located in an Opportunity Zone, providing valuable tax advantages that can enhance long-term returns. If you want an investment that rewards effort, demands smart management, and delivers the kind of cash flow most properties can’t touch, this one deserves your attention. The location offers the kind of built-in demand investors look for. With Hancock College just minutes away and the consistent need for farm labor, the property benefits from a steady flow of students and seasonal workers seeking affordable, flexible housing. This consistent renter base will support strong occupancy levels year-round. If this investment fits what you’ve been looking for, contact us to arrange a private showing.
Santa Maria is located in California. Santa Maria, California has a population of 109,309. Santa Maria is more family-centric than the surrounding county with 35.88% of the households containing married families with children. The county average for households married with children is 31.69%.
The median household income in Santa Maria, California is $73,300. The median household income for the surrounding county is $84,356 compared to the national median of $69,021. The median age of people living in Santa Maria is 29.2 years.
The average high temperature in July is 76.4 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 16.5 inches per year, with 0 inches of snow per year.
